I know it is hard to talk about summer when we have a winter warning in effect with rain and snow predicted for the next few days, but summertime is just around the corner!

Hiking: From easy to hard, short to long, a little of walking can get you far here in Bozeman!

Rafting: Feeling a little extreme? Whitewater Rafting is an adventure for you!

Biking: Bozeman has built up the biking opprotunites for mountain/road bikes throughout the city as well as throughout the wilderness.

Fishing: Fly, rod, tackle, and a good time is sure to come if you escape to the water of Bozeman.

Camping: Visit lakes, streams, rivers, and breath-taking views from a tent or RV or heck even the bed of a vehicle.

Get out and enjoy this beautiful state!

Home prices: Your local forecast

384 markets tracked

Median home prices are expected to fall another 0.8% for the 12 months ending December 2012 but rise 4.1% in the 12 months after that. See how your market is expected to fare.

Billings, MT Metropolitan Statistical Area
Forecast change: second quarter, 2011 – second quarter, 2012	+3%
Forecast change: second quarter, 2012 – second quarter, 2013	+6.9%

Market fundamentals
Median Family Income (Fourth quarter 2011)	$61,700
Median Home Price (Fourth quarter 2011)	N/A
Change in Home Prices (From fourth quarter 2010 thru fourth quarter 2011)	-1.9%
Worst 1-Year Home Price Change (1980-2011)	-16.4% (1987:Q4)

 

Missoula, MT Metropolitan Statistical Area
Forecast change: second quarter, 2011 – second quarter, 2012	+2%
Forecast change: second quarter, 2012 – second quarter, 2013	+4%

Market fundamentals
Median Family Income (Fourth quarter 2011)	$62,100
Median Home Price (Fourth quarter 2011)	N/A
Change in Home Prices (From fourth quarter 2010 thru fourth quarter 2011)	-1.9%
Worst 1-Year Home Price Change (1980-2011)	-13.5% (1982:Q3)

Forecasts as of May, 2012, courtesy of Fiserv

For Information On Bozeman, MT Real Estate, email me or check out these helpful links:

For Those Of Us Who Are Visual Learners: Real Estate Market Broken Down

Condos In The News Today

Builders Confidence Level Rising

Bank of America Offers $30K to Short Sale Owners

The Numbers Are In: 46 Months to Clear the Distressed Housing Supply

Simple Rules For The Real Estate Market

 

  

Red Oranges:

Deep saturation livens up spaces and brings energy and excitement to spaces like the kitchen.  

Berry:

A combination of bright pink and burgundy, blushing red-pink tones ground rooms in 2012.

Azul:

Blue is a color that never fades from popularity. This year is ushering in the bright cobalt.

Ferngully:

Green is the color of responsible sustainability and it just so happens to look stunning too. Fresh, bright, and lush green fits in any space.

Source: http://kitchens.com/design/color/color-trends-2012/

What colors are youseeing in yourarea? 

"Builders in many markets are reporting that buyer traffic and sales have picked back up after a pause this April," says Barry Rutenberg, NAHB chairman. "It seems we have resumed the gradual upward trend in confidence that started at the beginning of this year, as stabilizing prices and excellent affordability encourage more people to pursue a new-home purchase."

Builder confidence is at its highest since May of 2007 having risen five points this month. The measurement tracks sales conditions, expectations, and buyer traffic. Still, the market is a long way from normalizing. Major challenges still include: consumer credit, inaccurate appraisals, and rising material costs.

Source: National Association of Home Builders

Read More

Multifamily Housing Demand to Outpace Production

Builders Are Feeling More Optimistic

Standard & Poor’s Rating Services based on first-quarter 2012 data has produced its estimates. Regional procedural variations on judicial/non-judicial have provided much information on how much time is needed to clear the backlog of nonperforming loans.

“S&P includes in the shadow inventory all outstanding properties on which the mortgage payments are 90 or more days delinquent, properties in foreclosure, and properties that are REO. The agency also includes 70 percent of the loans that became current, or “cured,” from 90-day delinquency within the past 12 months because S&P says these loans are more likely to re-default.”

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